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I'm making $7.15 an hour at my current job (Alaska's minimum wage), which is like, what, £3.66 or something? It's crap for me, I went from making about $1,400 a month in the military (more than I made in any other job) to maybe $800 a month. With this TSA job, it's like $14.50 or so, plus a 24% cost of living expense, so it's not too shabby. It's just to hold me off until I can apply with the police department here, where if I get in, I'll be making $27.02 an hour...Which would be real nice.
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Well, yes and no. You have to remember that the gap between the middle/poorer classes and the upper middle class/rich is growing. People who make minimum wage are not very well off, no. However, many salaried jobs (especially in IT, medicine, law, etc.) can get well over $100k/year. There are plenty of rich Americans, but to answer your question no, those close to minimum wage are not very well off.capewellavc wrote:My minimum wage is £4.85/hour and I don't get out of bed for less than £6.00/hour ($12/hour) I thought the USA was richer!
This is a topic for another day, but if your minimum wage is around $9.70, doesn't that discourage industry (and other things) from doing business in the UK?
Perhaps your higher minimum wage is due to the higher European taxes as well.
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Yeah but the UK has the lowest income tax rate in Europe and low compaired to the rest of the world. I pay 10p in the Pound. I just loose 17.5% VAT (sales tax) & 11% National Insurance...
http://www.youtube.com/watch?v=8Duuofaw6zo" onclick="window.open(this.href);return false; I LOL'd Will ferrel or however its spelled with this short funny clip. Some may not like it as a child kinda swears and what not but... still its funny.
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Heck, Y'all ought to come to Tennessee. No state income tax. But, 9.25 % sales tax, and oh that little gas tax holiday the politicians are discussing, that won't affect us, if they do that, we won't get a break, it's state law.
That's just youcapewellavc wrote:Yeah but the UK has the lowest income tax rate in Europe and low compaired to the rest of the world. I pay 10p in the Pound. I just loose 17.5% VAT (sales tax) & 11% National Insurance...
I pay 40% income tax on some of my earnings